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Offshore financial centre

An offshore financial centre (OFC), though not precisely defined, is usually a small, low-tax jurisdiction specializing in providing corporate and commercial services to non-resident offshore companies, and for the investment of offshore funds. The term was coined in the 1980s. Academics Rose & Spiegel,Société Générale, and the International Monetary Fund (IMF) consider offshore centres to include all economies with financial sectors disproportionate to their resident population:

Academics opt for a similar definition focus on the non-resident business and cross-border elements:

Definition

Whether a financial centre is to be characterized as "offshore" is a question of degree. Indeed, the IMF Working Paper cited above notes that its definition of an offshore centre would include the United Kingdom and the United States, which are ordinarily counted as "onshore" because of their large populations and inclusion in international organisations such as the G20 and OECD.

Offshore financial centre

An offshore financial centre (OFC), though not precisely defined, is usually a small, low-tax jurisdiction specializing in providing corporate and commercial services to non-resident offshore companies, and for the investment of offshore funds. The term was coined in the 1980s. Academics Rose & Spiegel,Société Générale, and the International Monetary Fund (IMF) consider offshore centres to include all economies with financial sectors disproportionate to their resident population:

Academics opt for a similar definition focus on the non-resident business and cross-border elements:

Definition

Whether a financial centre is to be characterized as "offshore" is a question of degree. Indeed, the IMF Working Paper cited above notes that its definition of an offshore centre would include the United Kingdom and the United States, which are ordinarily counted as "onshore" because of their large populations and inclusion in international organisations such as the G20 and OECD.

New Delhi, Nov 19 () Fund outflow from India-focussed offshore funds and exchange-traded funds (ETFs) narrowed to USD 1.8 billion in July-September this year against net withdrawal of USD 2.2 billion in the previous quarter, says a Morningstar report ...Offshore funds as well as ETFs are a subset of the overall foreign portfolio investor (FPI) flows....

At 9.15am, the rupee was trading at 72 a dollar, down 0.11% from its Friday’s close of 71.93 ...The Indian rupee was trading marginally weaker against US dollar as traders avoided taking long positions ahead of Reserve Bank of India’s key board meeting due later on Monday ... Asian currencies were trading mixed....

Speaking at a ceremony in Istanbul, Mr Erdogan announced the offshore part of TurkStream’s two parallel lines two kilometres deep in the Black Sea had been finished and said the final leg of the “historic project” had been reached ... Their increasing cooperation in energy and trade ......

Speaking at a ceremony in Istanbul, Erdogan announced the offshore part of TurkStream's two parallel lines two kilometers deep in the Black Sea had been finished and said the final leg of the "historic project" had been reached ... Their increasing cooperation in energy and trade as ......

If the federal government freed up constraints on domestic energy development — eliminated regulatory obstacles to pipeline construction and offshore drilling — oil production would rise, net imports of energy and the trade deficit would fall, gross domestic product and tax revenues would increase, and the government budget deficit would fall....

REVENUE CATCHES ALMOST 200 PEOPLE WHO FAILED TO DISCLOSE OFFSHOREASSETS - Almost 200 Irish residents who failed to avail of a window to disclose offshore assets have since been caught by Revenue... The hunt for offshore tax evaders was announced last November, six months after a ......

Mining giant BHP on Monday settled a long-running tax dispute with Australian authorities for A$529 million ($387 million), as the country pursues global firms shifting profits offshore to minimize liabilities ... of dollars in profits offshore to countries like Singapore....